Genius Group (Genius Group) Beneish M-Score : -3.42 (As of May. 27, 2024)

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What is Genius Group Beneish M-Score?

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -3.42 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for Genius Group's Beneish M-Score or its related term are showing as below:

GNS' s Beneish M-Score Range Over the Past 10 Years
Min: -3.42 Med: -2.51 Max: 0.11
Current: -3.42

During the past 5 years, the highest Beneish M-Score of Genius Group was 0.11. The lowest was -3.42. And the median was -2.51.

Genius Group Beneish M-Score Historical Data

The historical data trend for Genius Group's Beneish M-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Genius Group Beneish M-Score Chart

Genius Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Beneish M-Score

-2.51

0.11

-3.42

Genius Group Quarterly Data
	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Dec23
Beneish M-Score	Get a 7-Day Free Trial						-	-	0.11	-	-3.42

Competitive Comparison of Genius Group's Beneish M-Score

For the Education & Training Services subindustry, Genius Group's Beneish M-Score, along with its competitors' market caps and Beneish M-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Genius Group's Beneish M-Score Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Genius Group's Beneish M-Score distribution charts can be found below:

* The bar in red indicates where Genius Group's Beneish M-Score falls into.

Genius Group Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of Genius Group for today is based on a combination of the following eight different indices:

-4.84

0.92 * DSRI

0.528 * GMI

0.404 * AQI

0.892 * SGI

0.115 * DEPI

-4.84

0.92 * 1.0196

0.528 * 0.9175

0.404 * 1.3145

0.892 * 1.2676

0.115 * 0.1319

0.172 * SGAI

4.679 * TATA

0.327 * LVGI

0.172 * 1.1056

4.679 * -0.249502

0.327 * 0.9877

-3.42

This Year (Dec23) TTM:

Last Year (Dec22) TTM:

Total Receivables was $6.89 Mil.
Revenue was $23.06 Mil.
Gross Profit was $11.94 Mil.
Total Current Assets was $9.63 Mil.
Total Assets was $43.21 Mil.
Property, Plant and Equipment(Net PPE) was $-0.63 Mil.
Depreciation, Depletion and Amortization(DDA) was $3.27 Mil.
Selling, General, & Admin. Expense(SGA) was $25.80 Mil.
Total Current Liabilities was $17.25 Mil.
Long-Term Debt & Capital Lease Obligation was $0.25 Mil.
Net Income was $-5.66 Mil.
Gross Profit was $17.53 Mil.
Cash Flow from Operations was $-12.41 Mil.

Total Receivables was $5.33 Mil.
Revenue was $18.19 Mil.
Gross Profit was $8.64 Mil.
Total Current Assets was $24.25 Mil.
Total Assets was $91.26 Mil.
Property, Plant and Equipment(Net PPE) was $12.05 Mil.
Depreciation, Depletion and Amortization(DDA) was $2.35 Mil.
Selling, General, & Admin. Expense(SGA) was $18.41 Mil.
Total Current Liabilities was $23.38 Mil.
Long-Term Debt & Capital Lease Obligation was $14.05 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI	=	(Receivables_t / Revenue_t)	/	(Receivables_t-1 / Revenue_t-1)
	=	(6.886 / 23.063)	/	(5.328 / 18.194)
	=	0.298573	/	0.292844
	=	1.0196

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI	=	GrossMargin_t-1	/	GrossMargin_t
	=	(GrossProfit_t-1 / Revenue_t-1)	/	(GrossProfit_t / Revenue_t)
	=	(8.639 / 18.194)	/	(11.936 / 23.063)
	=	0.474827	/	0.517539
	=	0.9175

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI	=	(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t)	/	(1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
	=	(1 - (9.634 + -0.628) / 43.214)	/	(1 - (24.25 + 12.052) / 91.26)
	=	0.791595	/	0.602213
	=	1.3145

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI	=	Sales_t	/	Sales_t-1
	=	Revenue_t	/	Revenue_t-1
	=	23.063	/	18.194
	=	1.2676

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI	=	(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1))	/	(Depreciation_t / (Depreciaton_t + PPE_t))
	=	(2.351 / (2.351 + 12.052))	/	(3.271 / (3.271 + -0.628))
	=	0.16323	/	1.237609
	=	0.1319

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI	=	(SGA_t / Sales_t)	/	(SGA_t-1 /Sales_t-1)
	=	(25.804 / 23.063)	/	(18.412 / 18.194)
	=	1.118848	/	1.011982
	=	1.1056

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI	=	((LTD_t + CurrentLiabilities_t) / TotalAssets_t)	/	((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
	=	((0.254 + 17.248) / 43.214)	/	((14.046 + 23.377) / 91.26)
	=	0.405008	/	0.41007
	=	0.9877

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA	=	(IncomefromContinuingOperations_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(NetIncome_t - NonOperatingIncome_t	-	CashFlowsfromOperations_t)	/	TotalAssets_t
	=	(-5.657 - 17.534	-	-12.409)	/	43.214
	=	-0.249502

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Genius Group has a M-score of -3.42 suggests that the company is unlikely to be a manipulator.

Genius Group Beneish M-Score Related Terms

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Genius Group (Genius Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Genius Group Ltd (AMEX:GNS) » Definitions » Beneish M-Score

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Amoy Street, No 01-01, Singapore, SGP, 049950

Website

https://www.geniusgroup.net

Genius Group Ltd is a global education company connecting students, teachers, leaders, entrepreneurs, and change-makers with the tools and global community with a mission to develop an entrepreneur education system that prepares students for the 21st Century.